Close X
Tuesday, September 24, 2024
ADVT 
India

Delhi man duped of Rs 83 lakh on pretext of investment in crypto trading

Darpan News Desk IANS, 26 Jul, 2023 02:01 PM
  • Delhi man duped of Rs 83 lakh on pretext of investment in crypto trading

New Delhi, July 26 (IANS) It seems that the hackers have now even opened several anonymous accounts on Binance, the world’s largest cryptocurrency exchange, enabling them to convert the stolen funds and obscure the money trail.

Recently, the Delhi Police registered an FIR after a man was duped by cyber thugs sitting abroad to the tune of Rs 83 lakh through ‘Binance Wallet’. The cyber thugs had lured the victim on pretext of investment in crypto trading.

According to the FIR accessed by IANS, Samir Gupta (56), a resident of Munirka Vihar, recently fell victim to online cybercrime/fraud. The perpetrators lured him into investing money in crypto trading by offering expert analyst advice through online chats on popular social media platforms WhatsApp and Telegram. They further asked him to transfer their commission through his Binance wallet.

Gupta stated in the FIR: "In February 2023, I was added to a WhatsApp group named 'CAE BTC Short Term Trade 213' by someone. The group claimed to support trade crypto with the help of analysts. They urged me to register on the exchange called CAE based in Malaysia, and I received an invitation to register on their website 5cae.com. I followed their instructions, registered on 5cae.com, and started trading with small amounts, making payments through the UPI provided by them."

"I made some profits and successfully withdrew funds online, confirming that the exchange was legitimate. They then introduced me to their program called 1V1 and asked me to invest USD 10,000 in a trading account, promising profits of USD 200,000, with any losses to be compensated by the analyst,” Gupta said in the FIR.

“In March, due to my work commitments, I asked the analyst assistant Jenny to add my wife, Sajla Gupta, to the WhatsApp group. Sajla Gupta created her account on 5cae.com and started trading, making small profits and withdrawing money from the trade account online. We deposited USD 10,000 into the exchange account using UPI, with the help of some friends,” he further stated.

"When we were ready with the funds, they presented us with a contract which we signed and uploaded to the exchange site. After that, they removed us from the WhatsApp group and added us to a Telegram group with the analyst Rosen. While trading and making profits, they asked us to separately deposit/transfer 20% of the profit amount as commission. They instructed us to use the Binance App to buy dollars and withdraw to their digital wallet. Therefore, we created Binance accounts for both myself and my wife and transferred the commission for the first day through Binance App. The second day's profit and 20% commission were also paid through Binance."

"On the third day of trading, there was a huge loss, and our account almost emptied. Rosen, the analyst, stopped the trade and assured us they would replenish the account to cover the losses. Indeed, within four hours, they replenished our trading account with the complete loss made in the morning trade,” said the FIR.

“The analyst resumed trading, and this time, huge profits were made. We were asked to pay a 20 per cent commission on these profits, which amounted to a significant sum. Nevertheless, we paid the commission and continued trading as the program was for seven days. On the last day, we made substantial profits, and the 20 per cent commission worked out to almost USD 30,250. They instructed us to pay this amount, stating that the contract would be completed, and we could withdraw our profits, which we did through Binance,” it read.

"However, on the next day, when we tried to withdraw from our account, the withdrawal failed. Assistant Jenny told us to contact the exchange's customer support. When we reached out to the agent over Telegram, they asked me to pay a transaction advance tax of five per cent of the total asset value, approximately Rs 18 lakh, which I did not pay. I also requested a refund of our invested money, but they denied it. It was then I realised that I had been tricked and had become a victim of cybercrime," the FIR concluded.

A senior police official said that they are investigating the matter.

MORE India ARTICLES

Punjab offers 1,000 acres for textile park

Punjab offers 1,000 acres for textile park
In a letter to Union Textile Minister Piyush Goyal, the Chief Minister has expressed the desire for setting up this ambitious project on the sacred land of Fatehgarh Sahib. He envisioned that once commissioned this project will emerge Punjab as a 'textile hub' of the country. 

Punjab offers 1,000 acres for textile park

Lakhimpur Kheri case: SC notice to UP govt on bail plea by Ashish Mishra

Lakhimpur Kheri case: SC notice to UP govt on bail plea by Ashish Mishra
On April 18, the Supreme Court had cancelled the bail granted to Mishra and directed him to surrender within a week. A bench, headed by Chief Justice N.V. Ramana (retired now) and comprising Justices Surya Kant and Hima Kohli, asked the Allahabad High Court to examine afresh whether Mishra should be granted bail or not.  

Lakhimpur Kheri case: SC notice to UP govt on bail plea by Ashish Mishra

Delhi Police seize drugs worth over Rs 1200 cr after arrest of Afghan nationals

Delhi Police seize drugs worth over Rs 1200 cr after arrest of Afghan nationals
The Afghan nationals have been identified as Kabul resident Mustafa and Kandahar resident Rahimulla Rahim. Both the accused have refugee visas. The official said that they were caught on September 3 from Delhi's Kalindi Kunj area following a tip off that they were coming to Delhi by car. Following their interrogation the police conducted a raid at Noida and recovered more heroin and narcotics.

Delhi Police seize drugs worth over Rs 1200 cr after arrest of Afghan nationals

K'taka Lingayat mutt sex scandal: Seer sent to 5-day police custody

K'taka Lingayat mutt sex scandal: Seer sent to 5-day police custody
Judge B.K. Komala has given clear directions that accused seer should not be taken to anywhere during police custody, ruling out any possibility of shifting him to Bengaluru hospital.  The police had sought 5 days' custody of the accused seer for investigation. 

K'taka Lingayat mutt sex scandal: Seer sent to 5-day police custody

Canada, Punjab ties strong and diverse, says Consul General

Canada, Punjab ties strong and diverse, says Consul General
Last week, Chief Minister Bhagwant Mann, while extending a red carpet welcome to industrialists and entrepreneurs to invest in Punjab, said the state would emerge as industrial hub of the country.

Canada, Punjab ties strong and diverse, says Consul General

Akali Dal reserves 50% seats for workers below 50

Akali Dal reserves 50% seats for workers below 50
The SAD chief told the media here that the party would stick to its core principles, including the need for a true federal structure, taking all sections of society and people from all religious faiths with it. He said SAD, the oldest regional party with a 102-year-old track record, would continue to rise to serve the regional aspirations of people of Punjab.

Akali Dal reserves 50% seats for workers below 50